‘Cascade of deals’ floods into levfin primary market

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By Owen Sanderson
12 Apr 2021

With holidays and earning out of the way and markets wide open, four new high yield bonds and two big term loans hit the market on Monday, constituting more than $11bn of internationally-targeted supply in total, with more than €4.5bn of euros in the mix.

The two biggest beasts in European leveraged finance are both out with multi-billion deals. Liberty Global unit UPC is following last week’s $1.25bn 10 year non-call five bond with a $2bn and €800m 2029 term loan, refinancing existing debt and adding in new sustainability-linked features, while Altice France ...

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